BF Investment Limited (BFINVEST) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of BF Investment Limited stock ₹823, price ₹412, upside +100.0%, quality 55 out of 100. Rating: strongly undervalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ₹237.19 – ₹752.11 · fair‑value band ₹617.25 – ₹1,029 · the ₹411.50 price screens below the ₹823.00 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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BF Investment Limited operates as a non-deposit taking investment company in India. It is also involved in the investment and financing businesses. BF Investment Limited was incorporated in 2009 and is based in Pune, India.
Stock analysis
BF Investment Limited (BFINVEST) currently trades at ₹411.50, while our model-based Fair Value estimate is ₹823.00, implying the stock looks roughly 50% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at medium.
Scenario range: ₹617.25 (bear) to ₹1,029 (bull), the price of ₹411.50 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
BF Investment Limited reported revenue of ₹779M in FY2026 versus ₹109M in FY2022, a compound +63.5%/yr. Reported net income was ₹2.8B in FY2026, compounding +9.3%/yr from FY2022.
Key figures
Market cap ₹15.5B (≈ $165M) Micro · P/E ratio 4.0 · P/S ratio 14.4 · EPS (TTM) ₹103.43 · Return on equity 3.7% · Return on assets (EBIT) 0.4% (5-year average) · Operating margin 89.8% · Revenue (TTM) ₹782M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −2% fair-value upside, at 100%, BFINVEST screens cheaper than that median.
Fair Value models
Bear₹617.25Fair Value ₹823.00Bull₹1,029
Price ₹411.50 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹63.76 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+122.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+69.8%
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.9%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+7.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+7.4%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.7.4% vs 7.9%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.241% → 84%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −7.6% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 658 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Below median
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)3.7% · Below median
Return on assets3.0% · Below median
Operating margin (12 months)89.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)19.7% · Above median
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)4.0× · Cheapest 25%
P/B0.18× · Cheapest 25%
P/S (12 months)19.83× · Priciest 25%
Price / free cash flow (fiscal year)10.2× · Cheaper than median
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Is BF Investment Limited (BFINVEST) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹823.00 versus a price of ₹411.50, about +100% upside (undervalued).
What is the fair value of BFINVEST?
Our model-based fair value for BF Investment Limited is ₹823.00 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹411.50.
What is the quality score of BFINVEST?
BF Investment Limited has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BF Investment Limited (BFINVEST)?
Our model-based price target is the fair value of ₹823.00 (as of Nov 10, 2026) from 2 valuation models. Cautious scenario ₹617.25, optimistic scenario ₹1,029. It is a calculation from audited fundamentals, not an analyst target.
What is the BF Investment Limited stock forecast for 2026?
Our models put fair value at ₹823.00, about +100% upside versus a price of ₹411.50 (undervalued). Cautious scenario ₹617.25, optimistic scenario ₹1,029. The calculation is refreshed regularly with new filings.
What is the revenue of BF Investment Limited (BFINVEST)?
BF Investment Limited reported trailing-twelve-month revenue of about ₹782M (latest available figure, as of Nov 10, 2026).
What growth is priced into BF Investment Limited (BFINVEST)?
For today's price to be fair in a discounted-cash-flow model, BF Investment Limited would have to grow free cash flow by -3.8 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +102.9 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of BFINVEST use?
Our models discount BF Investment Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.33, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For BF Investment Limited that is -3.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has BF Investment Limited (BFINVEST) delivered so far?
Over the past 5 years revenue at BF Investment Limited grew +102.9 % a year. The price currently implies free-cash-flow growth of -3.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of BF Investment Limited (BFINVEST) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into BF Investment Limited (-3.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BF Investment Limited (BFINVEST)?
The free-cash-flow yield on the price is 9.80 %: that much free cash flow BF Investment Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BF Investment Limited (BFINVEST)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BF Investment Limited it is ₹823.00 per share (as of Nov 10, 2026), against a price of ₹411.50. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is BF Investment Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, BFINVEST trades below its calculated fair value: price ₹411.50, fair value ₹823.00, a gap of about +100% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BFINVEST?
No. The price is what the market pays today (₹411.50); the fair value is what the company's own numbers justify (₹823.00). For BF Investment Limited the two are ₹411.50 per share apart. That gap is exactly why we show both numbers side by side.
How much is BF Investment Limited worth?
The market values BF Investment Limited at about ₹15.5B (market capitalisation, as of Nov 10, 2026). Per share that is ₹411.50; our models calculate a fair value of ₹823.00 per share.
What do the bullish and bearish scenarios say about BFINVEST?
Our models span a range for BF Investment Limited: cautious scenario ₹617.25, base ₹823.00, optimistic ₹1,029 per share (as of Nov 10, 2026, price ₹411.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BFINVEST?
BF Investment Limited trades at a price-to-earnings ratio of 4.0 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹823.00 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 5.5. Other multiples: P/B 0.2, P/S 19.8, EV/EBITDA 21.9.
How solid is the balance sheet of BF Investment Limited (BFINVEST)?
Balance-sheet figures for BF Investment Limited (as of Nov 10, 2026): return on equity 3.7%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is BFINVEST from its 52-week high?
BF Investment Limited trades at ₹411.50, about 23% below its 52-week high of ₹535.25 and 32% above the low of ₹310.80 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹823.00 is for.
Which stocks are comparable to BF Investment Limited?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Asset Management Ltd, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BF Investment Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹411.50, calculated fair value ₹823.00 (+100%), Quality Score 55/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BFINVEST calculated?
We run BF Investment Limited through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of ₹823.00 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. BF Investment Limited currently trades 50% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BF Investment Limited (BFINVEST)?
The closing price on Nov 9, 2026 was ₹411.50. Our model-based fair value is ₹823.00, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BF Investment Limited right now?
The price is below even our cautious bear case (₹617.25). The market is more pessimistic than our downside scenario. Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of BF Investment Limited (BFINVEST) come from?
Earnings per share at BF Investment Limited grew +14.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share −25.9 %, EBIT margin +32.5 %, tax rate −1.9 %, residual (interest, one-offs) +18.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of BF Investment Limited
How large is the market capitalisation of BF Investment Limited (BFINVEST)?
The market capitalisation of BF Investment Limited is ₹15.5B (≈ $165M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BF Investment Limited (BFINVEST)?
The price-to-sales ratio of BF Investment Limited is 14.4 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BF Investment Limited (BFINVEST)?
Earnings per share at BF Investment Limited are ₹103.43 (price ÷ EPS = P/E 4.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of BF Investment Limited (BFINVEST)?
The return on equity (ROE) of BF Investment Limited is 3.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BF Investment Limited (BFINVEST)?
On an EBIT basis the return on assets of BF Investment Limited is 0.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BF Investment Limited (BFINVEST)?
The operating margin of BF Investment Limited is 89.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BF Investment Limited (BFINVEST)?
Revenue at BF Investment Limited is growing +19.7% versus a year earlier (3y avg +69.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BF Investment Limited (BFINVEST)?
Earnings per share at BF Investment Limited are growing +280% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does BF Investment Limited (BFINVEST) hold?
BF Investment Limited holds more cash than debt, ₹990M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Nov 10, 2026